$SPY December 10, 2024

10 Ara

SPY December 10, 2024

15 Minutes.

605 as expected was done.
Downtrend confirmed as long SPY is below 607 levels.

607 is 200 averages in 5 minutes and 61.8% retracement for the fall 609.07 to 604.08

This 606-607 is a level to short.

For the rise 597.28 to 609.07 61.8% retracement is 601-602 levels.

Soif 604 is broken today 599-600 is my target for today.

In daytime frame SPY took support at 9 averages.
21 average is 598 levels.

For me usually downtrend in 15 minutes until 200 averages price is above current price in 5 minutes.

We have an oscillator divergence at close.
price made LL but oscillator did not support.
So, i expect a pull back at open.